PLAYSTUDIOS, Inc. (NASDAQ:MYPS) General Counsel Sells $28,890.90 in Stock

PLAYSTUDIOS, Inc. (NASDAQ:MYPS - Get Free Report) General Counsel Joel Agena sold 20,490 shares of the company's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $1.41, for a total transaction of $28,890.90. Following the transaction, the general counsel now owns 279,711 shares of the company's stock, valued at $394,392.51. This represents a 6.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Joel Agena also recently made the following trade(s):

• On Monday, June 16th, Joel Agena sold 20,491 shares of PLAYSTUDIOS stock. The shares were sold at an average price of $1.43, for a total transaction of $29,302.13.

PLAYSTUDIOS Stock Up 2.1%

MYPS stock traded up $0.03 during mid-day trading on Wednesday, reaching $1.43. The company's stock had a trading volume of 168,534 shares, compared to its average volume of 232,327. The company's 50 day moving average is $1.39 and its two-hundred day moving average is $1.59. PLAYSTUDIOS, Inc. has a fifty-two week low of $1.14 and a fifty-two week high of $2.29.

PLAYSTUDIOS (NASDAQ:MYPS - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The company reported ($0.02) EPS for the quarter, meeting the consensus estimate of ($0.02). PLAYSTUDIOS had a negative return on equity of 5.83% and a negative net margin of 11.30%. The firm had revenue of $62.71 million during the quarter, compared to analysts' expectations of $64.45 million. As a group, analysts forecast that PLAYSTUDIOS, Inc. will post -0.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PLAYSTUDIOS

A number of hedge funds have recently modified their holdings of the company. Proficio Capital Partners LLC acquired a new position in shares of PLAYSTUDIOS in the 4th quarter valued at $26,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in PLAYSTUDIOS by 0.9% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 713,907 shares of the company's stock valued at $1,328,000 after buying an additional 6,281 shares during the period. WINTON GROUP Ltd acquired a new position in PLAYSTUDIOS in the fourth quarter valued at about $179,000. Arrowstreet Capital Limited Partnership boosted its stake in PLAYSTUDIOS by 12.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 550,153 shares of the company's stock worth $1,023,000 after buying an additional 62,075 shares during the period. Finally, O Shaughnessy Asset Management LLC purchased a new position in PLAYSTUDIOS during the fourth quarter worth about $33,000. Hedge funds and other institutional investors own 37.52% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Macquarie decreased their price target on shares of PLAYSTUDIOS from $2.00 to $1.50 and set a "neutral" rating on the stock in a research note on Wednesday, March 12th. Craig Hallum raised PLAYSTUDIOS from a "hold" rating to a "buy" rating and lifted their price target for the stock from $2.00 to $3.00 in a research note on Friday, May 23rd. Finally, Benchmark raised PLAYSTUDIOS from a "hold" rating to a "speculative buy" rating and set a $2.00 price objective for the company in a research note on Tuesday, May 6th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $2.80.

About PLAYSTUDIOS

PLAYSTUDIOS, Inc develops and publishes free-to-play casual games for mobile and social platforms in the United States and internationally. The company's game portfolio includes a diverse range of titles comprising social casino, card, puzzle, and adventure games. It also offers POP! Slots, myVEGAS Slots, my KONAMI Slots, MGM Slots Live, myVEGAS Blackjack, myVEGAS Bingo, Tetris, Solitaire, Spider Solitaire, Jumbline 2, Sudoku, and Mahjong games.

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